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Answer to Question #242653 in Economics of Enterprise for John

Question #242653

Based on the arguments provided in the article, describe the type of market structure that Apple belongs to.


1
Expert's answer
2021-09-27T11:12:51-0400

In the smart phone industry, Apple Inc has an oligopolistic market structure. The oligopoly market structure is characterized by a lack of or restricted product and service rivalry. In the branded computer market, Apple is a monopolistic competitor.


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